New Issue: Goldman prices $25 million 6.25% notes exchangeable for Marsh & McLennan

New York, Jan. 11 - The Goldman Sachs Group Inc. priced $25 million of one-year 6.25% trigger mandatory exchangeable notes exchangeable for Marsh & McLennan Cos. Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Terms of the deal are as follows:

Issuer:	The Goldman Sachs Group Inc.
Issue:	Trigger mandatory exchangeable medium-term notes
Underlying stock:	Marsh & McLennan Cos. Inc.
Amount:	$25.003 million
Maturity:	Jan. 17, 2006
Coupon:	6.25%, payable monthly
Price:	Par of $32.22
Yield:	6.25%
Payout at maturity:	If Marsh & McLennan stock falls below threshold price then one share of Marsh & McLennan stock per $32.22 face amount, otherwise one share of Marsh & McLennan stock per $32.22 face amount capped at $35.442, 110% of par, in cash or stock at Goldman's option
Exchange price:	$32.22
Threshold price:	$25.776, 80% of initial price of $32.22
Pricing date:	Jan. 6
Settlement date:	Jan. 13
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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